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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (104610)	3/30/2021 8:45:00 AM
From: Goose94	Read Replies (1) of 202720

Canadian Pacific Railway (CP-T) the Canadians are Coming!! The two large shareholders in Canadian Pacific Railway and Kansas City Southern (KCS) Railway have given the nod to the takeover. Both boards have agreed to the deal, which needs majority support from shareholders of both companies, in addition to U.S. and Mexican regulatory approval. Richard Chilton's Chilton Investment Co. owns $172-million (U.S.) worth of shares in KCS. Mr. Chilton says, "This really is a terrific combination." Egerton Capital is CP's eighth-largest investor with a $1.15-billion interest. Egerton partner Edward Molson says the deal will create value for shareholders while fostering competition and shifting truck-borne freight to trains, a benefit to the environment. Both railways' lists of top shareholders is dominated by large institutions. The companies have not set dates for the shareholder votes. The railways said in a joint filing that they expect to apply for a review of the deal at the end of June. CP has offered KCS shareholders 0.489 of a CP share and $90 (U.S.) in cash for each stock. KCS shares would be placed in a trust after a winning vote, awaiting the regulators' decisions.

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